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Russians speculate on oil and gas revenues

Russia's budget deficit is widening as oil revenues fall for the third month in a row.

5/8/2025

Russia's budget deficit soared in April as falling oil revenues and rising military spending continue to weigh on government finances.The monthly deficit reached 1.05 trillion roubles (13 billion dollars), up from a surplus a month earlier, according to Bloomberg calculations based on data from the finance ministry. This brings the cumulative…

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